Israel is not only targeting Hezbollah leaders and weapons but also its finances, those who run them, and access to foreign currency, piling pressure on its supporters in Lebanon's cash-based economy
While there are plenty of instances of zombie banks around the world, Lebanon stands out as the most extreme example of deliberate negligence and procrastination in banking reform
Lebanon's cash economy and money laundering have come under increased scrutiny. The banking sector is under intense pressure to comply or face serious consequences.
A new draft law designed to help reform banking in Lebanon and address distrust in the sector is full of loopholes—handy for those who might benefit. Meanwhile, the conflicts of interest remain.
Apple has clearly succeeded in penetrating traditional banking services, forging a new future for the sector. Al Majalla explains why banks and other financial service providers should be worried.
As seen with Russia, the exclusion from the world monetary system seems to be a favorite choice of western countries to combat hostile powers. In the past months, US, UK and EU announced the removal…
Standard Chartered Bank, a British banking and financial services company founded in 1969, started operation of its first branch in Riyadh, Saudi Arabia, around the middle of last May.
The Saudi…
Al Majalla examines the repercussions of Hamas's attack on Israel, which set into motion a series of significant changes and power shifts in the Middle East
Only 4% of 119 members selected in the indirect vote were women, and only two Christians, sparking concerns about inclusivity and fairness. Meanwhile, voting was postponed in Druze and Kurdish areas.
Trump may be willing to accept global isolation to keep supporting Israel, but at some point, he may conclude that he isn't getting enough from Netanyahu in return
After being hit by tariffs from its Washington ally, Brussels is seeking to diversify its business partners. Across the Mediterranean Sea, states offer labour, materials, and markets
Mohammad Qundus uses the fragments of former lives in his latest exhibition that seeks to reaffirm the Palestinian presence of today and its connection to the past